Warner Bros. Discovery is a global media and entertainment company based in New York City, employing 35,300 people and operating through Studios, Networks, and DTC segments. Its brands include HBO, DC, and Discovery Channel.
WBD has been in the news recently: Netflix announced a $72 billion deal to acquire Warner Bros. Discovery's film studio and HBO Max, but its shares fell 2.89% due to investor concerns. Additionally, Paramount has made a competing all-cash offer of $30 per share for Warner Bros. Discovery, surpassing Netflix's proposal by $18 billion.
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